Connect with us

F1 top news

Mercedes tackles quit rumours with sponsor news

Published

on

Mercedes has hit back at rumours the German car-maker might pull out of formula one in the coming years.

Recently, team boss Toto Wolff slammed F1 pundit Eddie Jordan for suggesting Mercedes might quit as the major sponsorships of Petronas and UBS run out late next year.

But at Silverstone, Mercedes revealed that its title sponsor Petronas – the Malaysian oil company – is in fact staying on board beyond the end of 2018.

Mercedes said the “multi-year extension of the title partnership will cement more than a decade of partnership between Mercedes and Petronas”.

“We intend to stay the course,” said Petronas president Datuk Wan Zulkiflee Wan Ariffin.

“The partnership has given us very positive results for many years and I am pleased to announce the extension of the sponsorship contract with the team.”

Mercedes added: “Although this (2017) may be our sport’s final visit to Sepang for the foreseeable future, Petronas is committed to formula one and to Mercedes for the long term.”

Loading...

Advertisement
Click to comment




2018 F1 Launch




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment. All Rights Reserved © 2017 Prime Sport Media